Just wondering if 'Auctioners' on Ebay are locked into giving their highest bidder the item for whatever price the item has become after the bidding ends..?
For example, I've bid for an item at $1.50... If the bidding ends and the Seller is unhappy with the price, are they allowed to withdraw it and prevent the Buyer from getting it for that price?
Any information would be helpful thanks.
B.
2007-02-17 19:19:33 · 2 answers · asked by B 2 in Business & Finance ➔ Other - Business & Finance
They can put a "reserve" price on the item, and don't have to sell the item if it doesn't meet the reserve. They can also withdrawal the item before the last 24 hours if they wish, but if they don't do either of these, they are locked into delivering the item at the winning bid to the highest bidder by a legal contract.
2007-02-17 19:24:44 · answer #1 · answered by Anonymous · 3⤊ 0⤋
if they put a reserve on the item then they don't have to take anything below the reserve
2007-02-18 03:23:22 · answer #2 · answered by jackie j 3 · 0⤊ 0⤋